Economic Recovery Continues in 2010: Institute for Supply Management
PRICES — Predicted Changes Between End of 2009 and End of 2010
Manufacturing
Respondents predict a net average increase in prices paid of 2.6 percent between December 2009 and December 2010, indicating they expect prices to increase an additional 2.4 percent during the period of April 2010 through December 2010. Sixty-five percent of respondents expect an average price increase of 5.5 percent, while 14 percent expect an average decline of 7.6 percent. The remaining 21 percent expect no change in their average prices paid for the year. The 11 industries expecting to receive above-average increases by the end of 2010 — in order of percentage increase — are: Transportation Equipment; Petroleum & Coal Products; Wood Products; Nonmetallic Mineral Products; Paper Products; Plastics & Rubber Products; Textile Mills; Food, Beverage & Tobacco Products; Fabricated Metal Products; Furniture & Related Products; and Miscellaneous Manufacturing(a).